October 11th Daily Market Comments

Huge price moves obviously produce big gains. Reactions to those big price moves also provide opportunities to make some big gains. Had the markets opened dramatically lower Today, gapping down, the 10 minute candlestick charts would’ve been instrumental for recognizing when the buying started come back in. Had the markets opened positive, and showed immediately strong strength, that would of provided the visual information revealing the oversold conditions of yesterday were now being brought back up to levels where the market would have been trading at not the panic selling occurred yesterday.